Proceedings of Extra Ordinary General Meeting of the Company held on 20.12.2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hypersoft Technologies held an Extra-Ordinary General Meeting (EGM) on Saturday, 20 December 2025, via video conferencing from 11:00 AM to 11:20 AM. Four directors were present, chaired by Managing Director Mr. Narra Purna Babu. Four special resolutions were tabled: (1) increasing the authorized share capital along with a corresponding amendment to the Memorandum of Association, (2) approving investments, loans, guarantees, and securities beyond the limits specified under Section 186 of the Companies Act, 2013, (3) issuing equity shares on a preferential basis, and (4) altering the Memorandum of Association. Remote e-voting was conducted from 17 December (9:00 AM) to 19 December (5:00 PM), with Mr. P Surya Prakash of M/s. SPP & Associates acting as Scrutinizer. Shareholders were also given the chance to ask questions and raise queries during the meeting.
The resolutions point to a likely fundraising exercise through a preferential equity issue, which could dilute existing shareholders. Investors should track the voting results (to be declared within two working days) and the terms of the preferential allotment once announced.